About this Study Set
This study set covers Global Finance through
15 practice questions.
Explore the latest cross-border financial news and international relations shaping Oceania and the Pacific, focusing on evolving trade agreements, security partnerships, and geopolitical influences. Every question includes the correct answer so you can learn as you go — pick any format above to get started.
Questions & Answers
Browse all 15 questions from the
Oceania's Shifting Economic Alliances: Trade, Security, and Geopolitical Currents study set below.
Each question shows the correct answer — select a study format above to practice interactively.
1
Which trade agreement, entered into force in April 2025, aims to modernize rules and grow trade flows between ASEAN, Australia, and New Zealand?
-
A
Regional Comprehensive Economic Partnership (RCEP)
-
B
ASEAN-Australia-New Zealand Free Trade Area (AANZFTA)
-
C
Comprehensive and Progressive Trans-Pacific Partnership (CPTPP)
-
D
Indo-Pacific Economic Framework for Prosperity (IPEF)
2
In 2025, Papua New Guinea and Australia elevated their relationship to an Alliance through the signing of which treaty?
-
A
Papua New Guinea-Australia Comprehensive Strategic and Economic Partnership (CSEP)
-
B
Papua New Guinea-Australia Mutual Defence Treaty
-
C
Bilateral Security Agreement (PNG-Australia)
-
D
Treaty of Amity and Cooperation in Southeast Asia
3
Which initiative, launched in 2024, aims to strengthen local kava value chains and promote kava exports from Pacific Island nations like Fiji and Vanuatu?
-
A
Pacific Sustainable Agriculture Strategy
-
B
Regional Kava Development Strategy
-
C
Oceania Agri-Trade Initiative
-
D
Pacific Island Export Enhancement Program
4
As of late 2025, which APEC host nation is emphasizing the themes of 'Connect, Innovate, and Prosper' to foster resilience, sustainability, and inclusivity across the Asia-Pacific region?
-
A
Peru
-
B
Singapore
-
C
Australia
-
D
Republic of Korea
5
In May 2026, Singapore and New Zealand signed the first-of-its-kind Agreement on Trade in Essential Supplies (AOTES). What is a key objective of this agreement?
-
A
To facilitate the free flow of essential goods by avoiding unnecessary export restrictions
-
B
To establish a common currency for trade in essential supplies
-
C
To create a regional reserve of essential medical supplies
-
D
To standardize packaging and labeling of essential goods
6
Which major international financial institution launched the Pacific Strengthening Correspondent Banking Relationships Project in 2024, a US$77 million initiative to address a 60% decline in correspondent banking relationships in the region since 2011?
-
A
International Monetary Fund (IMF)
-
B
Asian Development Bank (ADB)
-
C
World Bank Group
-
D
European Bank for Reconstruction and Development (EBRD)
7
In late 2025, which country's APEC Chairmanship is focusing on 'Building a Sustainable Tomorrow,' with priorities including enhancing physical, institutional, and people-to-people linkages across the region?
-
A
Singapore
-
B
Republic of Korea
-
C
Australia
-
D
New Zealand
8
Which trade agreement, entered into force on December 13, 2020, aims to boost regional trade and investment and is a key part of Australia's engagement in the Pacific?
-
A
Pacific Islands Countries Trade Agreement (PICTA)
-
B
ASEAN-Australia-New Zealand Free Trade Area (AANZFTA)
-
C
Pacific Agreement on Closer Economic Relations Plus (PACER Plus)
-
D
Regional Comprehensive Economic Partnership (RCEP)
9
As of early 2025, which Pacific Island nation became the first in the region to join the Indo-Pacific Economic Framework for Prosperity (IPEF) as a negotiating partner?
-
A
Fiji
-
B
Papua New Guinea
-
C
Solomon Islands
-
D
Samoa
10
In 2024, China signed a landmark Framework Agreement on Enhanced Economic Partnership with five Pacific Island nations. Which of the following countries was NOT part of this agreement?
-
A
Micronesia
-
B
Kiribati
-
C
Nauru
-
D
Vanuatu
11
In October 2025, New Zealand established an ASEAN–New Zealand Comprehensive Strategic Partnership (CSP) under four pillars. Which of the following is NOT one of the stated pillars?
-
A
Peace
-
B
Prosperity
-
C
People
-
D
Security
12
What is the primary focus of the US-Pacific Islands Trade and Investment Dialogue?
-
A
Addressing climate change adaptation funding for Pacific Island nations
-
B
Discussing trade and investment issues between the US and Pacific Island Forum members
-
C
Facilitating military security cooperation in the Indo-Pacific
-
D
Promoting cultural exchange programs between the US and the Pacific Islands
13
In 2024, the Pacific Islands Forum (PIF) launched the Regional Kava Development Strategy. What is a primary objective of this strategy?
-
A
To establish a unified kava currency across Pacific Island nations
-
B
To regulate the import and export of kava by non-Pacific nations
-
C
To strengthen local kava value chains and promote kava exports
-
D
To develop new kava-based pharmaceuticals for the global market
14
Which agreement, signed in October 2023, sets out a broad-ranging and comprehensive partnership between Australia and Fiji, supporting deeper people-to-people, economic, and security links?
-
A
Fiji-Australia Vuvale Partnership
-
B
Australia-Fiji Security Accord
-
C
Pacific Maritime Security Program
-
D
Fiji-Australia Economic Cooperation Framework
15
In May 2025, Australia and Fiji strengthened their maritime security capabilities with the official opening of which center in Suva?
-
A
Maritime Security Operations Centre
-
B
Pacific Maritime Security Hub
-
C
Maritime Essential Services Centre (MESC)
-
D
Fiji Naval Command Centre
